What is driving Eternal's expected strong growth in the December quarter?

Eternal's strong December quarter growth is primarily driven by Blinkit's transition to a first-party model and continued momentum in quick commerce.

How is the food delivery segment performing for Eternal?

Eternal's food delivery segment is showing steady demand and improving profit margins, remaining its most stable and profitable business.

What are the key concerns for Blinkit's performance?

While Blinkit continues its rapid expansion and shows growth, key concerns include persistent losses and its path to achieving profitability.

Home / Business and Economy / Eternal Eyes Explosive Q3 Growth Fueled by Blinkit

Eternal Eyes Explosive Q3 Growth Fueled by Blinkit

21 Jan

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Summary

Eternal anticipates strong December quarter growth driven by Blinkit's new model.
Food delivery shows steady demand and improving profit margins.
Blinkit's rapid expansion continues despite ongoing losses.

Eternal Eyes Explosive Q3 Growth Fueled by Blinkit

Eternal anticipates robust growth in the December quarter, with consolidated revenue projected to surge by 193% year-on-year. This expansion is primarily fueled by Blinkit's shift to a first-party model and its strong performance in quick commerce.

The core food delivery segment is expected to maintain steady growth, exhibiting stable demand and incremental gains in profitability. Analysts project adjusted EBITDA margins for food delivery to hover around 5.4% to 5.5%.

Blinkit is set to be the main growth engine, with net order value projected to rise significantly year-on-year, supported by extensive dark store expansion. However, Blinkit's adjusted EBITDA losses are expected to persist, though potentially narrowing sequentially.